StockGuru Profile – IDGlobal – Blogs and Alerts – News and Quotes
I believe a company moving from the Pink Sheets to the OTCBB is always good for investors and that’s what IDGJ is doing. With today’s release regarding the first three quarters’ revenue up 759 percent in 2007 over 2006 revenue, this is no big surprise!
Financial transparency is crucial for a company’s growth and that’s what we have here.
Providing counterfeiting detection systems is more important than ever.
I do not like to bash other countries but I would like to point out that China — the number one source of counterfeit products in the world and estimated by some to be the source of ninety percent of the world’s counterfeit products — appears to be unbelievably lax in managing counterfeiting.
I think their ‘warning’ in a circular to Chinese Provincial Officials addressing counterfeiting during the holiday season from the discipline authority is like telling a teenager to obey their curfew. If they were already inclined to do it — they would — if not — they won’t.
This lax oversight and official intervention in China tells me that IDGJ will enjoy a long run of providing counterfeit protection!
China’s discipline authority urged government officials to practice self-discipline and avoid corruption during the upcoming holiday season.
The Central Commission for Discipline Inspection (CCDI) of the Communist Party of China (CPC) said in a circular that all Party officials must have a healthy, civilized and thrifty new year holiday and Spring Festival, and economically arrange activities during the holidays.
The circular warned against taking bribes in cash and stocks, gambling and other means of collecting money, such as weddings and funerals.
Governments must check price bidding-up practices, enhance supervision of food and drug markets, production safety and crack down on counterfeit production.
Discipline inspection organs must enhance supervision and deal seriously with malpractice, including corruption.
Wow! That sounds amazingly ineffective to me particularly since it is widely reported that counterfeiting is performed by Asian Organized Crime.
The Financial Times of London reported in December that, “The international community is losing the war against counterfeiting and piracy, a booming global industry that is increasingly under the control of organized crime, according to senior officials speaking at a conference in Rome.”
If you read this article, it is clear companies are on their own and IDGJ is filling an incredible need!
“The anti-piracy conference this week, organised by the Italian commission, was warned that almost everything was being counterfeited – from fake “Colgate” toothpaste containing harmful bacteria and antifreeze made in Thailand to “Dasani” water poured from the tap in Beijing. More dangerous was the growing market in counterfeit aviation and car parts, and fake drugs.
John Dryden, a senior official at the Organisation for Economic Co-operation and Development which published a major report this year, criticised the “ambiguity and ambivalence” towards the issue among governments, law enforcement agencies and industry.
“The counterfeiters remain one step ahead,” he said. “It is a war on many fronts- The good guys are a ramshackle army despite the initiatives.”
“Virtually everything can and probably has been counterfeited and is taking place in virtually every economy,” Mr Dryden said, noting a growing trend in products that are intended to deceive the consumer, such as food and drink and pharmaceuticals.
David Faulconer, who calls himself the US Homeland Security department’s “hunter killer”, said US customs have seized fake goods valued at $190m at wholesale prices this year, compared with $155m in 2006. “We are facing a veritable tidal wave of counterfeit goods,” he told the conference.
While the public thinks of “luxury” handbags, running shoes and DVDs as the most common and less objectionable rip-offs, Mr Faulconer noted that imported counterfeit electrical goods, including batteries and Christmas lights, were killing people in domestic fires in the US.
China remained the world’s biggest and expanding source of fake products, he said, but India was challenging for the top position, especially in counterfeit pharmaceuticals. Russia was third and was pioneering distribution by internet, he said.
Organised crime is increasingly involved in this extremely lucrative business which has a far bigger market than narcotics, speakers noted. “Many of them are extremely dangerous characters,” Mr Dryden commented.
I believe that with businesses on their own to protect against counterfeiting, IDGJ is positioned to take a big slice of the counterfeiting protection pie.
IDGLOBAL Corp. (www.idglobalcorp.com) IDGLOBAL has two primary divisions, its Nano-Molecular Markers / Tags™ used in anti-counterfeiting applications and its IDFORENSIX™ products utilized in Loss Prevention for the $800 billion Anti-Counterfeiting and Loss Prevention markets. I think they may end up with an incredible amount of business particularly with the R&D and nanotechnology focus.
Source: Financial Times of London See: www.idforensix.com.
IDGLOBAL Corporation
1925 Kirschner Road Kelowna
BC Canada V1Y 4N7
Phone: (250) 862-8933 Toll Free: (866) 922-4345
Fax: (250) 862-8322 Email: ir@idglobalcorp.com
About IDGJ: Business Description: IDGLOBAL manufactures and sells proprietary security products for Anti-Counterfeiting and Loss Prevention markets. IDGLOBAL has established a multi-year track record aiding in the protection of corporate assets such as tools, raw materials, inventory, computers, works of art, sports memorabilia and brand name goods for major companies across North America.
Disclosure: Pentony Enterprises LLC expects to be compensated twenty-two thousand five hundred dollars directly from the company for profile coverage. Pentony Enterprises LLC is not a registered investment adviser or broker/dealer. Pentony Enterprises LLC makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person or that an investment in such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk. Forward-Looking Statements: This release includes forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. While these statements are made to convey to the public the Company’s progress, business opportunities and growth prospects, readers are cautioned that such forward-looking statements represent management’s opinion. Whereas management believes such representations to be true and accurate based on information and data available to the company at this time, actual results may differ materially from those described. Additional factors that could materially affect these forward-looking statements and/or predictions include, among other things: (1) BBDS’ ability to manage the future acquisitions and the expansion of operations; (2) BBDS’ ability to obtain contracts with suppliers of raw materials (for our production of biodiesel fuel) and with distributors of our biodiesel fuel product; (3) the risks inherent in the mutual performance such supplier and distributor contracts (including our production performance); and (4) BBDS’ ability to raise necessary financing to execute the Company’s business plans.
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